Florida Employee Stock Option Plan of Vivigen, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-148
• Format: Word; Rich Text

Description

18-148 18-148 . . . Employee Stock Option Plan which recognizes eight levels of responsibility within corporation and which provides that each eligible employee shall receive stock option to purchase that number of shares of corporation common stock that is equal to number derived by dividing option value corresponding to his or her level of responsibility by initial grant price (fair market value on date of grant) according to schedule which ranges from technical and administrative personnel levels one through four with option values from $1,250 through $5,000 to Chief Executive Officer level eight with option value of $100,000. Options are exercisable for up to (a) 50% of shares covered by option at any time after corporation's gross revenues meet or exceed a 30% increase for each of two consecutive calendar years ending following grant of option and (b) 100% of shares covered by option at any time after corporation's gross revenues meet or exceed a 40% increase for each of two consecutive calendar years following grant of stock option The Florida Employee Stock Option Plan (ESOP) of Vivien, Inc. is a beneficial employee compensation program offered by the company to its Florida-based employees. Under this plan, eligible employees are granted the opportunity to purchase company stock at a predetermined price within a specified timeframe. The ESOP serves as a reward and incentive program to motivate employees and enhance their loyalty towards Vivien, Inc. Participating employees are typically given a certain number of stock options, which grants them the right to buy a specific number of company shares in the future. The purpose of the Florida Employee Stock Option Plan is twofold: it provides employees with the chance to share in the company's success and aligns their financial interests with the company's performance. As Vivien, Inc. prospers, so do the employees who have invested in company stock through the ESOP. By granting stock options, Vivien, Inc. aims to encourage employees to think beyond their individual roles and foster a greater sense of ownership and responsibility. The ESOP enables employees to become true stakeholders in the company, promoting a favorable workplace environment built on collaboration, commitment, and dedication. There may be different types of Florida Employee Stock Option Plans offered by Vivien, Inc., tailored to meet varying employee needs and circumstances. Some common variations include: 1. Non-Qualified Stock Options (SOS): These options are typically offered to all employees and allow greater flexibility in terms of granting, vesting, and exercising options. SOS are subject to regular income tax rates upon exercise. 2. Incentive Stock Options (SOS): Generally provided to key employees, SOS come with certain tax advantages. If specific holding requirements are met, employees may qualify for long-term capital gains tax treatment upon the sale of the stock acquired through SOS. 3. Restricted Stock Units (RSS): Instead of options, RSS represent the right to receive company stock at a future date. RSS are typically granted upon attaining performance goals or remaining with the company for a specific period. Upon vesting, employees are issued actual company shares. It is important to note that the specifics of the Florida Employee Stock Option Plan offered by Vivien, Inc. may vary, and employees should refer to the plan documents and consult with the company's HR department or financial advisors for accurate and up-to-date information regarding their eligibility, vesting schedule, exercise periods, tax implications, and other plan details.

The Florida Employee Stock Option Plan (ESOP) of Vivien, Inc. is a beneficial employee compensation program offered by the company to its Florida-based employees. Under this plan, eligible employees are granted the opportunity to purchase company stock at a predetermined price within a specified timeframe. The ESOP serves as a reward and incentive program to motivate employees and enhance their loyalty towards Vivien, Inc. Participating employees are typically given a certain number of stock options, which grants them the right to buy a specific number of company shares in the future. The purpose of the Florida Employee Stock Option Plan is twofold: it provides employees with the chance to share in the company's success and aligns their financial interests with the company's performance. As Vivien, Inc. prospers, so do the employees who have invested in company stock through the ESOP. By granting stock options, Vivien, Inc. aims to encourage employees to think beyond their individual roles and foster a greater sense of ownership and responsibility. The ESOP enables employees to become true stakeholders in the company, promoting a favorable workplace environment built on collaboration, commitment, and dedication. There may be different types of Florida Employee Stock Option Plans offered by Vivien, Inc., tailored to meet varying employee needs and circumstances. Some common variations include: 1. Non-Qualified Stock Options (SOS): These options are typically offered to all employees and allow greater flexibility in terms of granting, vesting, and exercising options. SOS are subject to regular income tax rates upon exercise. 2. Incentive Stock Options (SOS): Generally provided to key employees, SOS come with certain tax advantages. If specific holding requirements are met, employees may qualify for long-term capital gains tax treatment upon the sale of the stock acquired through SOS. 3. Restricted Stock Units (RSS): Instead of options, RSS represent the right to receive company stock at a future date. RSS are typically granted upon attaining performance goals or remaining with the company for a specific period. Upon vesting, employees are issued actual company shares. It is important to note that the specifics of the Florida Employee Stock Option Plan offered by Vivien, Inc. may vary, and employees should refer to the plan documents and consult with the company's HR department or financial advisors for accurate and up-to-date information regarding their eligibility, vesting schedule, exercise periods, tax implications, and other plan details.